A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021.
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Discover the trending companies after hours.
GameStop — The well-known video game retailer experienced a 5% surge in its latest quarter sales. GameStop achieved a revenue of $1.164 billion in the second quarter, which is an improvement from the $1.136 billion generated in the same period last year.
American Eagle Outfitters — The popular clothing retailer saw a decline of 2.6% in its stock value after announcing second-quarter results. Although its revenue of $1.2 billion met Wall Street’s estimates, according to LSEG (formerly known as Refinitiv), American Eagle Outfitters exceeded analysts’ expectations with earnings of 25 cents per share, surpassing the projections of 16 cents per share.
C3.ai — C3.ai experienced a decline of almost 6% in extended trading after revealing a larger-than-expected operating loss for the fiscal second quarter. The company forecasted an operating loss range of $27 million to $40 million, whereas StreetAccount analysts predicted a loss of $20.5 million. C3.ai’s latest quarter showed a loss of 9 cents per share (excluding items) on revenue of $72.4 million. In comparison, analysts expected a loss of 17 cents per share on revenue of $71.6 million, as reported by LSEG.
ChargePoint Holdings — ChargePoint’s stock decreased by 10% following a fiscal second-quarter revenue miss. The electric vehicle charging infrastructure company generated $150 million in revenue, falling short of the projected $153 million by LSEG analysts. Additionally, ChargePoint announced plans to reduce its global workforce by approximately 10%.
Verint Systems — The analytics company experienced a 13% drop in extended trading due to an earnings and revenue miss in its second quarter. Verint reported adjusted earnings of 48 cents per share, which fell short of the 57 cents per share predicted by FactSet analysts. Furthermore, the company’s revenue of $210.2 million did not meet the estimated $57.4 million.
Dutch Bros — The drive-through coffee chain witnessed a decline of over 5% in after-hours trading after announcing a public offering of $300 million in shares of its Class A common stock. More details can be found here.
— Reporting contributed by CNBC’s Ethan Kraft and Darla Mercado.
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